Answer:
Interest on Interest or Compound Interest
Explanation:
The process of earning interest on prior interest income is called "Interest on Interest" which is also known as "Compound Interest".
It is the result of reinvesting interest instead of withdrawing out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
<span> B.You have health insurance with a $500 deductible.
hope this helps.</span>
Answer:
The important thing to remember here is that the interest is compounded semi annually, which means twice a year. When the 1st interest is compounded, the second interest is calculated on that new amount.
(11,500 + (11,500×6%)) = $ 12,190
(12,190 + (12190×6%)) = $ 12921.40
Explanation:
Answer:
$150
Explanation:
Data provided as per the question is below:-
Phone Purchase cost = $300
Paid Chinese subsidiary = $150
The computation of change the U.S.–Chinese bilateral trade balance is shown below:-
Trade balance = Phone Purchase cost - Paid Chinese subsidiary
= $300 - $150
= $150
Therefore for computing the trade balance we simply subtract Paid Chinese subsidiary from Phone purchase cost.